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NY Business Examines Core Scientific Securities Fraud

NY Business Examines Core Scientific Securities Fraud

In 2022, Culper Research reported that Core Scientific had oversold its mining and hosting operations in 2021 and waived a 180-day lockup term of approximately 282 million shares, allowing them to be dumped in March. Pomerantz LLP reported that Core Scientific's stock plunged 9.4% on this news. Last month, the same law firm filed a class-action lawsuit against Silvergate Capital for making false and deceptive promises.

Maple Finance Loans $300m to help Struggling Bitcoin Miners

Maple Finance Loans $300m to help Struggling Bitcoin Miners

The lending fund is designed to support crypto mining firms impacted by the market downturn.

Bit Digital Signs Partnership with BitMine to Host 7,000 ASIC Miners

Bit Digital Signs Partnership with BitMine to Host 7,000 ASIC Miners

Bit Digital has signed on with BitMine to buy ASIC miners that use oil cooled immersion technology to create a highly efficient environment for heat dissipation, provide superior mining production, and machine longevity.

Argo Shares Plunges 72% After Fundraising Fails to Go Through

Argo Shares Plunges 72% After Fundraising Fails to Go Through

Shares of Bitcoin miner Argo fell 72% on Monday after a strategic investor failed to participate in the company's fundraising event

Why the Bitcoin Price is Predicted to Crash to $8,000 in September—is the Crypto Bull Run Over?

Why the Bitcoin Price is Predicted to Crash to $8,000 in September—is the Crypto Bull Run Over?

The Bitcoin price is at a critical level and we predict it is most likely due for a significant price correction this month—which could come as soon as the next 48 hours.

Ethereum Miner Revenue Plunges to a 4-Month Low

Ethereum Miner Revenue Plunges to a 4-Month Low

Ethereum miner revenue reaches a 4-month low of $1,096,941.17, analysts suggest Ethereum needs to reclaim $2,100 level for reclaiming bulls market.

‘Millionaire’ Bitcoin Whales Accumulates Extra 90,000 BTC

‘Millionaire’ Bitcoin Whales Accumulates Extra 90,000 BTC

According to Santiment, an encrypted market data aggregator, approximately 90,000 Bitcoins have been accumulated by Bitcoin whales in the past 25 days.

CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million

CleanSpark Buys 45,000 Bitmain Antminer S19 XPs for $144.9 Million

CleanSpark, a crypto miner, has purchased 45,000 Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power. The first batch of 25,000 rigs will be delivered in August, with the remainder arriving in September, and they will be installed at a site in Sandersville, Georgia. CleanSpark aims to have 16 EH/s of computing power by the end of the year.

Cipher Mining's Strategic Expansion: 16,700 New Miners Ahead of Bitcoin Halving

Cipher Mining's Strategic Expansion: 16,700 New Miners Ahead of Bitcoin Halving

Cipher Mining gears up for Bitcoin's 2024 halving with a strategic purchase of 16,700 new miners, eyeing increased market value and mining capacity.

Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG

Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG

Luxor announced the completion of a Series A funding with a total value of $5 million.

Argo Blockchain Inks Bitcoin Mining Machine Swap Agreement with Core Scientific

Argo Blockchain Inks Bitcoin Mining Machine Swap Agreement with Core Scientific

The London-listed Bitcoin mining company, Argo Blockchain, has inked a partnership with Core Scientific that will see both companies swap their BTC mining machines over the next few months.

Generate Capital to Purchase Bankrupt Compute North's Assets in 2 Mining Sites

Generate Capital to Purchase Bankrupt Compute North's Assets in 2 Mining Sites

The loan secured from Generate Capital prompted Bitcoin miner Compute North to file for bankruptcy protection.

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